RSM Australia

Tax insights

Tax Insights

The 2019-20 Federal Budget was brought forward from May to 2 April with the unabashed motive of improving the Coalition’s election prospects in May 2019.  Roy Morgan’s February 2019 poll puts the ALP at 52.5% and the Coalition at 47.5% of the two party preferred vote.

The question remains - has the 2019-20 Budget done enough to turn around the Government's sentiment in the electorate and bridge the gap held by the Opposition?

View Federal Budget Coverage >>


Will Labor overcomplicate our already complicated tax environment?

7 May 2019
Overwhelmed by the tax rhetoric delivered by the Australian Labor Party (ALP)? You are in the right place. The following commentary breaks down the ALP’s tax implementations and how they impact individuals.  

Australia's hybrid mismatch regime

7 May 2019
In response to recommendations by the Organisation for Economic Co-operation and Development (‘OECD’) in Action 2 of it's Base Erosion and Profit Shifting (‘BEPS’) initiative in 2015, Australia has now enacted a new hybrid mismatch regime that generally applies to income years commencing on or after 1 January 2019.

2019 Federal Election - Comparison of policies

6 May 2019
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties.

How does being a Significant Global Entity (SGE) affect my Australian tax obligations?

18 April 2019
The introduction of the concept of a significant global entity (SGE) was to increase the transparency of multinationals and was in line with the OECD’s Base Erosion and Profit Shifting (BEPS) initiatives.

When similar is sufficient - new hope for deducting company tax losses

12 April 2019
The ability for a company to recoup its prior year tax losses has always been a contentious topic. If a company wishes to recoup its tax losses, it’s required to pass the continuity of ownership test (COT), and failing COT, the same business test (SBT).

Federal opposition shadow budget comparison – Let the campaigning begin!

5 April 2019
With the ‘ink’ barely dry on this week’s Federal Budget and an election looming, it is evident that tax policy and economic management is set to be a major factor as the ‘battle lines’ are drawn. 

2019-20 Federal Budget – an economic view

5 April 2019
The Government’s 2019-20 budget sees a much-heralded return to budget surplus that has given the Treasurer the financial headroom to craft a budget that both appeals to voters as well as providing fiscal stimulus to an economy that could benefit from a bit of a boost to consumer spending.

Proposed Labor negative gearing policies set to compromise the great Australian dream

28 March 2019
If the great Australian dream is the purchase of your very own home, then the ability to negatively gear investment properties is an Australian institution. What will become of the Australian way if the Labor party is brave enough to challenge this iconic status quo?

Uncertainty prevails for taxpayers as election looms

28 March 2019
As the Australian public await a date announcement for the upcoming Federal Election, uncertainty prevails for many taxpayers as they anticipate the outcome of many unenacted and proposed changes to tax legislation.

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